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TMI BlogForeign investment in India by SEBI registered FIIs in Government securities and SEBI registered FIIs and QFIs in infrastructure debtX X X X Extracts X X X X X X X X Extracts X X X X ..... stered FIIs and QFIs in infrastructure debt Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to FEMA Notification No.20/2000-RB dated May 3, 2000, as amended from time to time and A.P.(DIR Series) Circular No.55 dated April 29, 2011, and A.P.(DIR Series) Circular No.42 dated November 3, 2011 in terms of which FIIs are allowed to (i) invest in non-convertib ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y Indian companies in the infrastructure sector. 3. On a review it has been decided as under : Government Securities i) The limit of USD 15 billion for FII investment in Government securities stands enhanced with immediate effect by USD 5 billion to USD 20 billion. It has also been decided to rationalize the conditions governing the investments under this scheme by making the residual maturity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... resident investor base for Government securities, it has also been decided to allow long term investors like Sovereign Wealth Funds (SWFs), Multilateral agencies, endowment funds, insurance funds, pension funds and foreign Central Banks to be registered with SEBI to also invest in Government securities within this enhanced limit of USD 20 billion. Infrastructure Debt ii) The conditions for the l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in mutual funds related to infrastructure. This relaxation would be subject to review. 4. Necessary amendments to the Foreign Exchange Management (Transfer of Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA 20/2000-RB dated May 3, 2000 are being notified separately. 5. AD Category - I banks may bring the contents of the circular to the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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